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《大行報告》瑞信上調快手(01024.HK)目標價至102元 評級「跑贏大市」
阿思達克 08-24 11:09
瑞信發表研究報告指,快手(01024.HK)次季業績表現強勁,在廣告及電商業務帶動下,收入按年增長28%,經調整淨利潤達到27億元人民幣,經調整淨利潤率達到9.7%,主要由於更好的產品組合及營運支出紀律所致。 瑞信重點關注快手廣告業務復甦前景,預期下半年的上升動力主要來自於遊戲、電商等垂直領域,以及算法升級。商業化水平改善帶動第二季電商抽佣比率提升至4.1%,預期未來有進一步上升空間;直播業務則預計跟隨行業趨勢,增長將放緩。 憧憬增長將跑贏同業,該行將快手今明兩年每股盈測上調67%及7%,目標價從100元上調至102元,維持「跑贏大市」評級。
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